My 01 325i BMW overheated yesterday and died -I know, I should have been paying more attention I couldn't get it to start so I had it towed to the dealership. They called today with my worst nightmare news, the engine seized. They are telling me $14k for a certified rebuilt engine. My car is not worth that much, and I still owe $8k on it. Anyone got any advice as to what can been done or is just a pretty pile of scrap metal?
Thanks - Rdubbs
$14k sound high, but $2-$4k sounds low as some on this board suggest.
Even a good qualified Indy will charge $6-$10k for the engine and labor if done correctly.
There is too much risk for an indy to only charge $2k to replace an entire engine. That is one to two weeks worth of work. And then they cannot do the engine programming anyway.:dunno:
Personally I would roll the $8k you owe into another car for $22-$30k and get a CPO that is newer and no post engine rebuilding headaches.
Honestly rolling the $8k over into a newer car is not really an option. I would not be able to afford the payment on it. That would easily double my payments.
I think I have only a few options:
try and replace the engine hopefully only $4-4.5k with labor,
scrap the car/sell for parts and get a cheap $2-3k car while continuing my payments,
scrap the car/sell for parts and have no car but continue payments on nothing,
just dont pay the loan anymore,
or dump it in the river and claim it was stolen
ok, the last two are not serious so it looks like my options are slim.